PPG Industries, Inc. (NYSE:PPG) Receives Average Recommendation of “Hold” from Brokerages

Shares of PPG Industries, Inc. (NYSE:PPG) have earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. Eleven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $124.7857.

PPG has been the topic of several analyst reports. Bank of America lowered their price target on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. UBS Group raised their price objective on PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. KeyCorp reaffirmed a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Finally, BNP Paribas Exane dropped their price target on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th.

Insiders Place Their Bets

In other news, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the sale, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. The trade was a 20.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 115,217 shares of company stock worth $14,771,523. 0.33% of the stock is owned by insiders.

Hedge Funds Weigh In On PPG Industries

Several large investors have recently modified their holdings of PPG. Walnut Level Capital LLC grew its holdings in PPG Industries by 46.8% during the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock worth $7,138,000 after acquiring an additional 20,000 shares in the last quarter. GAM Holding AG boosted its stake in shares of PPG Industries by 97.5% during the third quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock valued at $2,237,000 after purchasing an additional 10,508 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in PPG Industries during the third quarter valued at approximately $16,245,000. Empower Advisory Group LLC raised its stake in PPG Industries by 9.3% in the second quarter. Empower Advisory Group LLC now owns 77,252 shares of the specialty chemicals company’s stock worth $8,787,000 after buying an additional 6,559 shares in the last quarter. Finally, Strs Ohio lifted its holdings in PPG Industries by 30.1% during the third quarter. Strs Ohio now owns 125,434 shares of the specialty chemicals company’s stock worth $13,184,000 after buying an additional 29,031 shares during the period. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Performance

NYSE:PPG opened at $128.24 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47. The stock has a 50-day simple moving average of $112.17 and a two-hundred day simple moving average of $106.82. The firm has a market capitalization of $28.78 billion, a PE ratio of 18.48, a P/E/G ratio of 1.94 and a beta of 1.16. PPG Industries has a 52-week low of $90.24 and a 52-week high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts forecast that PPG Industries will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.2%. PPG Industries’s dividend payout ratio (DPR) is 40.92%.

PPG Industries Company Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.